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Which of the following best defines Gross National Product (GNP)?
(a)The total value of goods produced within a country's borders.
(b)The total value of all goods produced by a country's citizens, both domestically and abroad.
(c)The value of all goods and services produced within the domestic boundaries of a country.
(d)The total economic output of a nation adjusted for inflation.

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Important Questions on National Income Accounting
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